3 Dec 2022 11:11 am
****!IkeBana » 02 Dec 2022, 8:43 am » wrote: ↑ So, the national average for a gallon of regular today is $3.45. Some of us pay more, some of us pay less but that's the average from sea to shining sea. I'm not expecting anybody to thank Biden for the drop in prices, since I don't expect anybody to blame him. And I'll tell you why...
Right now the US is producing more than twice as many barrels perday as it produced in 2008. So let's not hear any fossil fuel propaganda about the impact of the shuttering of the Keystone XL pipleline.
The price of crude two months ago was $120/bbl, today it sits at $75/bbl, and again, the average gallon of gas is at $3.45. What was the average cost of a gallon of gas the last time crude was at $75? It was $2.80/gal.
So why isn't gas going for $2.80/gal? Because big oil is ripping us off for obscene profits. Why is inflation so bad? Because big oil and the rest of corporate America is ripping us off for the highest corporate profits in US history, by a country mile.
But right now, in this thread, we're talking about big oil, an heroic American industry according to fossil fuel loving MAGA/Q_ANON alt-right conjobs...ripping us off.
Of what use is it to refer to a year like 2008 when we have accurate data showing how this year's oil production remains thousands of barrels a day LOWER than it was in the pre-pandemic period of 2019/2020?
What your useless statistic intentionally fail to account for in the current oil price is the fact that Russia is now providing far less oil exports to Europe and the US, while simultaneously ignoring how the rate of inflation has drastically affected the price since 2008, and especially over the last 2 years of your failed idiot's inflation-causing spending!
You want the price to return to 2008 levels? The first thing you need to do is to stop your demented leader from his wild spending, and return to the Trump era of LESS regulation and MORE federal lands open to both drilling and fracking in order to reverse the trend. THOSE factors are what is causing the current price of gas as well as the diminished level of investment in an oil company's R&D, which limit the futures market for oil.
Your obvious lack of business knowledge also fails to account for the inherent level of far lower investment and WILLINGNESS to invest in oil production that occurs WHEN YOU HAVE AN IDIOT LIKE BIDEN PUBLICALLY PROCLAIMING REPEATEDLY THAT HE FULLY INTENDS TO DESTROY THE FOSSIL FUEL INDUSTRY! Would YOU be dumb enough to invest in a business when government has made their intentions so crystal clear as Biden and the entire Democrat party has?
USE YOUR **** HEAD, LIBERAL!